GLG News by Core Banking Processing Solutions Evaluators and Purchasers

Bank of America and ABN AMRO have agreed on an all-cash deal for LaSalle Bank, a division of ABN AMRO Holding NV. The deal's net cost to B of A will be $16 billion. This deal will catapult B of A from a distant #10 into the #1 market position in Chicagoland, which is the #3 US market. B of A also picks...

This article draws attention to a recent shareholder lawsuit against CheckFree and its management for allegedly disseminating misleading guidance on CKFR's Ecommerce transaction growth forecast between April and July of  2006. This alleged misguidance caused equity analysts to raise their...

This article refers to a potential investigation by the US Dept. of Justice into ABN AMRO's US subsidiary, LaSalle Bank. Previously, ABN AMRO settled an anti-money laundering probe in 2005 and paid a fine of US$80 million. Meanwhile the clock of exclusivity for Barclays (NYS:BCS) negotiations to submit...

Marshall & Ilsley Corp [MI] spin-off of Metevante- Metavante has all the right pieces of the technology- Metavante knows how to make smart acquisitions- In an industry of leveling off revenue, Metavante grew theirs by 20%

Intuit (NADQ: INTU) announced that it was terminating its acquisition with Electronic Clearing House (NADQ: ECHO) by mutual consent. The original deal cut in December 2006 was priced at $142 million. The primary reason for terminating the deal appears to be over the deal price, due in part to the revelation...

EU finance ministers proposed two sweeping changes to break down national barriers that inhibit cross border banking. Cross border bank takeovers will now have a common legal framework and limited time periods for reviewing mergers and reducing the number of reasons for blocking a proposed deal. On...

The USA Today article covers at some length the myriad of regulatory entities that touch mortgage lending. However, this mish-mash approach to regulation does not cover the causes that have lead to the subprime pains are generating a high number of delinquencies and foreclosures among lower income borrowers....

Fiserv is acquiring NetEconomy, which offers a global solution in a hot point solution space: anti-money laundering, fraud prevention and compliance. This transaction provides an exit strategy for Esprit Capital Partners, which has owned NetEconomy since August 2005.

Barclays is engaged in exclusive talks with ABN AMRO that could yield the largest ever financial institutions M & A deal. A combination would make the combined firm a bigger global player both geographically and by product line coverage. The burr under ABN AMRO's saddle to sell out is shareholder...

While Wal-Mart officially withdrew its ILC application on March 16, this article describes a real estate leasing practice with in-store bank tenants that was put in place during as early as 2002 and modified in 2006. The terms of these in-store bank branch leases were modified to give Wal-Mart the option...